Vinati Organics Ltd to consider conversion of FCCBs

A meeting of the Board of Directors of Vinati Organics Ltd will be held on August 02, 2014 to take on record the unaudited financial results for the quarter ended June 30, 2014 and to consider and approve the allotment of 2218525 equity shares of face value of Rs. 2/- each on the request from IFC (International Finance Corporation) on conversion of Foreign Currency Convertible Bonds (FCCBs) for an aggregate amount USD 5,000,000 being 100% of the initial amount of the FCCBs (as per subscription agreement dated March 04, 2011).

Shares of VINATI ORGANICS LTD. was last trading in BSE at Rs.360.3 as compared to the previous close of Rs. 367.95. The total number of shares traded during the day was 6483 in over 773 trades.

The stock hit an intraday high of Rs. 368.2 and intraday low of 353. The net turnover during the day was Rs. 2333778.

Source : Equity Bulls

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